Ripple Doubles Down on UAE Expansion—Signs Two Major Blockchain Payment Deals

Ripple’s Gulf gambit pays off as it locks in two new UAE clients for its blockchain-powered payment rails. The move signals deeper Middle East penetration while traditional banks still argue about SWIFT fees.

Why it matters: The UAE’s crypto-friendly regulators have turned Dubai into a sandbox for blockchain adoption. Ripple’s latest wins prove cross-border payments are ripe for disruption—even in oil-rich economies.

The cynical take: Watch legacy finance institutions suddenly ’discover’ blockchain efficiency now that their lunch is being eaten. Again.

Ripple, a leading digital asset infrastructure provider for financial institutions, has added two new customers in the UAE using Ripple Payments. Following its milestone as the first blockchain-enabled payments provider licensed by the Dubai Financial Services Authority (DFSA), Ripple named Zand Bank and Mamo as its first blockchain payment clients in the UAE. This move highlights Ripple’s expanding role in bringing blockchain technology to the region’s financial sector.